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Property profile & analytics
OFF-MARKET
Commercial real estate

10 Sherman Ave Hillsborough Township, NJ 08869

Property ID
US59-1179948
Property summary
AI-generated overview

This exceptional three-unit investment property, located at 10 Sherman Ave in Raritan, New Jersey (Somerset County, zip code 08869), presents a compelling opportunity. The property encompasses a 3,000 square foot free-standing retail building and a two-family dwelling, both currently fully leased, generating consistent income. The asking price is $1,100,000. Recent improvements significantly enhance the property's value and appeal. The retail building boasts a brand new roof. The two-family unit has undergone extensive renovations, including the installation of all new replacement windows, new soffits, and gutters. One apartment features newly installed hardwood floors, new carpeting, and a renovated bathroom. Furthermore, the basement of the two-family unit has been remodeled, including a new full bathroom and the addition of new French drains. Detailed income and expense information is available upon request. This property's strategic location on Route 206 North in Raritan offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable and appreciating asset in a desirable New Jersey market. The property's strong rental history and recent upgrades position it for continued success and potential for future appreciation.

Property profile
Verified
Property type Commercial real estate
UPID US59-1179948
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Guardian Interlock Factory Production Facility
  • ANTONELLA´S WINDOW TINT Interior Design Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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